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DSCR I92J: OPTION TO EXTEND THE TERM OF THE CONTRACT - SEPARATE ECONOMIC PRICE ADJUSTMENT AND FIRM FIXED PRICE PORTIONS, at FARSmarterBids.com

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DSCR I92J: OPTION TO EXTEND THE TERM OF THE CONTRACT - SEPARATE ECONOMIC PRICE ADJUSTMENT AND FIRM FIXED PRICE PORTIONS


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Section: I
DPACS Code: I92J
BSM Code: I17F41
Clause Number: 52.217-9G24
Type: LOCAL
Clause last updated: 2000-07

Date of text: 1996-01
I92J   52.217-9G24  OPTION TO EXTEND THE TERM OF THE CONTRACT -   DSCR (JAN 1996)
                    SEPARATE EPA AND FIRM FIXED PRICE PORTIONS

    (a)  The Government may extend the term of this contract by written notice 
to the contractor no later than 30 days prior to the expiration of the contract; 
provided, that the Government shall give the contractor a preliminary written 
notice of its intent to extend at least 60 days before the contract expires.  
The preliminary notice does not commit the Government to an extension.

    (b)  If the Government exercises this option, the extended contract shall be 
considered to include this option provision.  Each exercise of this option, if any, 
will extend the term of this contract by 12 months.  The total duration of this 
contract, including the exercise of any options under this clause, shall not 
exceed ___ months.

    (c)  The offeror agrees to furnish during the option period those items cited 
in the Schedule that are subject to Economic Price Adjustment (EPA) at unit prices 
made up of two portions:

         (1)  a portion applicable to the purchase costs of the specific material 
subject to adjustment under the EPA clause of this contract, at the dollar value 
per unit as adjusted under the clause, otherwise the dollar value specified in 
column (5) of the Table of such clause, and

         (2)  the remaining portion of the price for the same contract line item, 
which is not subject to economic price adjustment, shall be separately priced for 
each option period as follows:

       ITEM       OPTION       OPTION       OPTION       OPTION 
       NUMBER     YEAR 1       YEAR 2       YEAR 3       YEAR 4

       ______     _______      _______      _______      _______


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